NET LOSS PER SHARE |
NET LOSS PER SHARE Basic and diluted net income (loss) per share attributable to common stockholders was calculated as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Six Months Ended September 30, | | 2023 | | 2022 | | 2023 | | 2022 | Numerator: | | | | | | | | | | | | | | | | | | | | | | | | Net loss attributable to common stockholders—basic and diluted | $ | (10,337) | | | $ | (10,639) | | | $ | (22,000) | | | $ | (26,047) | | Denominator: | | | | | | | | Weighted average common shares outstanding—basic and diluted | 176,975,883 | | | 176,463,723 | | | 177,150,161 | | | 175,980,473 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net loss per share attributable to common stockholders - basic and diluted | $ | (0.06) | | | $ | (0.06) | | | $ | (0.12) | | | $ | (0.15) | | | | | | | | | | | | | | | | | | For the three and six months ended September 30, 2023 and 2022, the Company excluded the following potential dilutive securities, which include stock options, RSUs, warrants and convertible notes from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of shares of common stock outstanding used to calculate both basic and diluted net loss per share attributable to common stockholders is the same for the three and six months ended September 30, 2023 and 2022. | | | | | | | | | | | | | | | | | | | | | As of | | | | September 30, | | | | | | 2023 | | 2022 | Stock options to purchase common stock | | | | | 12,750,978 | | | 16,030,898 | Restricted stock units | | | | | 14,425,044 | | | 8,278,983 | | Warrants to purchase common stock | | | | | 13,036,333 | | | 13,036,333 | | 2025 Convertible Notes as converted to common stock | | | | | 8,735,314 | | 8,279,918 | | | | | | | | | | | | | | | | |
The Company’s convertible notes outstanding for the three and six months ended September 30, 2023 could have obligated the Company and/or its stockholders to issue shares of common stock upon the occurrence of various future events at prices and in amounts that are not determinable until the occurrence of those future events. Because the necessary conditions for the conversion of these instruments had not been satisfied during the three and six months ended September 30, 2023, the Company excluded these instruments from the table above and the calculation of diluted net loss per share for the period. See Note 4, “Debt,” for additional details.
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